Paydiant Named a Finalist for Two PYMNTS 2014 Innovator Awards

Company recognized in Most Invisible Player and Best Cash Innovation
categories; Awards presented live on March 20th
at the conclusion of the 2014 Innovation Project

2014 Innovation Project

February 21, 2014 09:00 AM Eastern Standard Time

WELLESLEY, Mass.--(BUSINESS WIRE)--Paydiant,
provider of a white-label mobile payments, offer redemption, loyalty and
cardless cash access platform for banks and retailers, has been named as
a finalist for two 2014 PYMNTS Innovator Awards - Most Invisible Player
and Best Cash Innovation. This is the third year for the competition,
which has seen an exponential increase in participants, and has a
submissions, selection and voting process unmatched in intellectual
rigor and competitive energy. Judges this year included Janet
Estep, NACHA, David Evans, Global Economics Group, Matt
Harris, Bain Capital Ventures, Karl Mehta, Menlo Ventures, Hans
Morris, General Atlantic, Paul Purcell, Continental Advisors, Dan
Rosen, Commerce Ventures, Karen Webster, Market Platform
Dynamics & PYMNTS.com and Matt Witheiler, Flybridge Capital
Partners.

In the Most Invisible Player category, Paydiant is being recognized for
its patented, cloud-based, white-label mobile payment, offer redemption
and loyalty platform that allows merchants, banks and payment processors
to deploy and manage their own mobile wallets, in their own branded
apps. The solution integrates easily with retailers’ and banks’ existing
mobile apps, loyalty platforms and point-of-sale (POS) infrastructure.
It does not require new POS hardware and works with existing and future
technologies. Other finalists in the category include Mitek Systems, IP
Payments, Curaxian and Early Warning.

In the Best Cash Innovation category, Paydiant is being recognized for
its patented, cloud-based transaction processing platform that enables
consumers to use their smartphones, instead of their debit or credit
cards, to securely withdraw cash from ATMs. Other finalists in the
category include Prepay Nation, PayNearMe, incomm and Monitise.

“Our innovations are born out of our unwavering focus on using mobile
and cloud technology to make consumer interactions with merchants and
banks smarter, faster and safer,” said Kevin Laracey, co-founder of
Paydiant. “We are honored to be recognized by the 2014 PYMTS Innovator
judges for our efforts to that end.”

Voting will remain open thru February 27th
at 12 noon EST. Winners will be announced the evening of March 20, 2014 during
a live ceremony following the conclusion of The Innovation Project 2014,
a two-day program hosted by PYMNTS.com that convenes the most elite
innovators and executives to discuss the issues that impact every single
player across every single facet of the rapidly changing payments and
commerce ecosystem.

“The PYMNTS Innovators Awards is one of the most inspiring aspects of
The Innovation Project,” says Karen Webster, CEO of Market Platform
Dynamics and President of PYMNTS.com. “It puts innovation front and
center and serves as a very visible reminder of the creative spirit and
energy that will drive our massively dynamic payments and commerce
ecosystem forward.”

The Innovation Project 2014 will be held on March 19-20 at Annenberg
Hall on the campus of Harvard University.* This year’s theme: Rethink.
Reset. Reinvent will address a variety of topics including the
reinvention of retail, commerce, the consumer experience, security,
digital cash and global commerce.

Paydiant is the provider of a cloud-based, white label mobile payment,
cardless ATM access, offer redemption and loyalty platform that enables
merchants, banks, and payment processors to deploy and manage their own
mobile payment and ATM access solutions under their own brand and on
their own terms. Based on a patented, cloud-based transaction processing
platform, the Paydiant solution enables the key stakeholders in the
payments value chain – retailers, banks and payment processors – to
control the next generation of payment solutions. Visit www.paydiant.com
for more information about the Paydiant solution and follow us on Twitter
@Paydiant.

About The Innovation Project

Over 2 days, 60+ speakers and 600 senior members of the payments
industry will change the way that the payments and its broader commerce
ecosystem thinks, talks, delivers and ignites innovation. On March
19th & 20th the greatest minds in commerce and payments will assemble at
Annenberg Hall in Memorial Hall on the Campus of Harvard University*
near Boston to kick the conversation about innovation up to an entirely
different level at The Innovation Project. Speakers and delegates are
among the most senior executives from literally every established
payments company worldwide.

About PYMNTS.com

PYMNTS.com is reinventing the way in which companies in payments share
relevant information about the initiatives that shape the future of
commerce and make news. This powerful B2B platform is the #1 site for
the payments industry by traffic and the premier source of information
about “what’s next” in payments. C-suite and VP level executives read it
daily for these insights, making the PYMNTS.com audience the most
valuable in the industry. It provides an interactive platform for
companies to demonstrate thought It provides an interactive platform for
companies to demonstrate thought leadership, popularize products and,
most importantly, capture the mindshare of global decision-makers. It’s
where the best minds and best content meet on the web.

*Please note that The Innovation Project and PYMNTS.com are not
affiliated with Harvard University, nor is the Innovation Project 2014 a
Harvard University program or activity.